Inter Insurance Agency Services

What Inter Insurance Agency Services does

Inter Insurance Agency Services Ltd. is a privately held wholesale insurance brokerage and underwriting facility headquartered at 380 North Broadway, Suite 400, Jericho, New York. Founded by Don Derham Jr. in May 1993 and now led in its third generation by the Derham family—Tim Derham serves as President—the firm traces its roots to the late 1950s when brothers Donald and George Derham started their own brokerage, with Don Derham Sr. subsequently becoming a State Farm agent and growing the agency to a $10 million book. The company operates across personal lines (homeowners and auto), commercial lines (commercial property, general liability, commercial auto, workers' compensation, contractors general liability), and a portfolio of specialty programs including trucking/auto hauling, Japanese restaurants, financial institutions (lender's single interest, gap, contingent liability, warranty programs, excess wear and tear), and NYSIF-administered safety groups for restaurants/bars/taverns (Group 495, established 1978) and country clubs (Group 577, established 2006).

Name

Inter Insurance Agency Services

Legal name

Inter Insurance Agency Services Ltd.

Website

https://interinsurance.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Inter Insurance Agency Services is a family-owned wholesale insurance brokerage and underwriting facility in Jericho, NY, providing personal, commercial, and specialty insurance—including trucking, Japanese restaurants, financial institutions, and NYSIF safety groups—through retail agents and direct channels nationwide.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Wholesale insurance brokerage
• Commercial insurance services
• Personal lines insurance
• Specialty insurance programs
• Workers compensation insurance

Headquarters

HQ city

Jericho

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Insurance Commissions: The agency earns commissions from insurance carriers for placing business through their wholesale brokerage operation. They serve as an intermediary between retail agents and insurance carriers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Inter Insurance Agency Services is an independent wholesale insurance brokerage and underwriting facility that places personal, commercial, and specialty insurance coverage through retail agents and brokers. The agency also serves end customers directly via its Long Island (Jericho) and Manhattan offices, issuing policies on behalf of multiple carriers and operating niche programs for Japanese restaurants, auto haulers/trucking, contractors, country clubs, restaurants/bars, and financial institutions.

Product overview

Inter Insurance Agency is an independent wholesale brokerage and underwriting facility providing insurance products and risk management services. The company operates a multi-line insurance platform offering Personal Lines (Homeowners Insurance, Auto Insurance), Commercial Lines (Property Insurance, Commercial General Liability Insurance, Commercial Auto Insurance, Workers' Compensation Insurance, Casualty-Contractors General Liability), and Specialty Programs (Trucking Insurance Division, Japanese Restaurant Insurance, Specialty Products Facility, Lender's Single Interest Insurance, Gap Insurance, Contingent Liability Insurance, Warranty Programs, Excess Wear and Tear Program, Financial Institutions Insurance Coverages, and Safety Group Worker's Compensation Programs). The company also operates Universal Casualty Risk Retention Group, a subsidiary providing auto service industry coverage, and acquired Sieger & Smith, which specializes in workers compensation for restaurants and country clubs. The agency serves clients in New York State and nationwide through relationships with multiple insurance carriers.

Differentiator

Problem solved

Functional benefit

Brands

• Universal Casualty Risk Retention Group: Risk Retention Group specializing in catering to the Auto Service Industry, offering auto liability and cargo coverage for auto haulers.

Products and services

• Homeowners Insurance Comprehensive homeowners insurance protecting the home, other structures on the property, personal belongings, furniture, appliances, additional living expenses, and personal legal liability. Targeted at individual families and homeowners.
• Auto Insurance Automobile coverage including compulsory coverages (bodily injury, personal injury protection, uninsured auto coverage, property damage) and optional coverages (collision, comprehensive, substitute transportation, towing and labor). Targeted at individual consumers.
• Property Insurance Commercial property insurance covering risk of property loss for commercial buildings, equipment, furniture, fixtures, inventories, business records, supplies, and other physical items. Covers both direct losses and indirect or consequential losses including business income.
• Commercial General Liability Insurance Liability coverage protecting insured parties against injury or damage claims, covering premises and operations, fire damage liability, personal and advertising injury, and products/completed operations. For commercial business clients.
• Commercial Auto Insurance Vehicle insurance for businesses covering owned, leased, hired, or borrowed vehicles including private passenger autos, trucks, trailers, semitrailers, limousines, and other commercial vehicles.
• Workers' Compensation Insurance Coverage for bodily injury and diseases arising out of and in the course of employment, providing medical benefits, income benefits, death benefits, and rehabilitation benefits.
• Trucking Insurance Division Full-service brokerage handling all trucking-related insurance needs including primary liability, ICC filings, cargo insurance, general liability, workers' compensation, trailer interchange, and property damage coverage for long and short haul trucking accounts and auto haulers.
• Japanese Restaurant Insurance Specialty insurance program designed for upscale Japanese restaurants, recognizing the special risk characteristics of these quality businesses within the overall industry classification and premium structure.
• Lender's Single Interest (LSI) Insurance Coverage protecting consumer loan collateral (autos, RVs, boats, mobile homes) from uninsured damage, theft, skip by borrower, and lien filing errors. Includes blanket and vendor single interest options. For lenders and financial institutions.
• Gap Insurance Coverage for the difference between net payoffs of a lease or loan and the amount of settlement made by the primary insurance carrier when a vehicle is deemed a total loss. For lenders and financial institutions.
• Contingent Liability Insurance Includes Lessor's Contingent Liability, Lessor's Only Excess Liability, Interim Auto Coverage, and Lessor's Contingent Physical Damage for leased vehicle protection. For lenders, lessors, and financial institutions.
• Warranty Programs and Product Enhancements New product enhancements and warranty programs for automobile security, home security, fuel dealers, and deductible reimbursement covering automotive equipment, home appliances, and service contracts.
• Excess Wear and Tear Program Protection for leased vehicles against unexpected wear and tear damages at lease end, covering damages up to $2,500 including paint chips, scratches, catalytic converter, and interior stains.
• Casualty-Contractors General Liability Primary liability coverage for commercial and high-end residential contractors including homebuilders, project owners, and general contractors with coverage for owner and contractor protective liability, products and completed operations, blanket additional insureds, per project aggregates, and excess umbrella. Northeast regional focus.
• Safety Group Workers' Compensation Program Safety group programs including NY Restaurant Trade Safety Group 495 (est. 1978) and NY Country Club Trade Safety Group 577 (est. 2006) offering upfront discounts, annual dividends, and professional loss control services through NYSIF.

Quantifiable outcome

• 40-50% combined savings for safety group members through upfront discounts and annual dividends
• +4 more outcomes

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Source Insurance Management ServicescoreTechnology or Integration · 11 April 2019Exclusive partnership where Source Insurance provides telematic platform technology for all UCRRG Auto Hauler members. The platform provides background data analytics and geo-fenced reports for fleet operations, enabling loss control and tracking capabilities. Part of UCRRG's innovative approach to auto hauler insurance.
• ClubSafecoreStrategic or Co-development Partner · 20 March 2019Partnership between Sieger & Smith (division of Inter Insurance) and ClubSafe to provide cutting-edge loss prevention services to country clubs in New York State. ClubSafe provides comprehensive safety programs including emergency professionals, certified trainers, aquatic experts, and OSHA instructors to help reduce accidents and claims.
• Universal Casualty Risk Retention GroupcoreOthersUCRRG is a subsidiary of Inter Insurance Agency, specializing in catering to the Auto Service Industry. Domiciled in Oklahoma and licensed in New York, New Jersey, Georgia, California, Texas, and Florida. Offers $1,000,000 CSL on auto liability and cargo coverage including constructive total loss coverage.
• New York State Insurance Fund (NYSIF)coreStrategic or Co-development PartnerNYSIF is the largest provider of worker's compensation insurance in New York. Inter Insurance, through Sieger & Smith, manages NYSIF Safety Group 495 (Restaurants, Bars, & Taverns) and Safety Group 577 (Country Clubs). NYSIF writes policies for companies with experience modification of 1.0 or less.
• Sieger & SmithcoreOthersAgency acquired in 2017, based in Westchester, specializing in providing Workers Compensation Insurance for restaurants and country clubs through NYSIF safety groups. Represents Inter Insurance's expansion into specialized workers compensation programs.
• ACE GroupminorChannel Partner/ Reseller/ DistributorInsurance carrier partner. 1133 Avenue of the Americas, New York, NY 10036. Phone: 212.827.4400.
• Nationwide Mutual Insurance CompanyminorChannel Partner/ Reseller/ DistributorInsurance carrier partner. One Nationwide Plaza, Columbus, Ohio 43215-2220.
• Chubb GroupminorChannel Partner/ Reseller/ DistributorInsurance carrier partner. 15 Mountain View Road, Warren, NJ 07059.
• The Hartford Steam BoilerminorChannel Partner/ Reseller/ DistributorEquipment breakdown insurance carrier partner. One State Street, Hartford CT 06103.
• Travelers CompaniesminorChannel Partner/ Reseller/ DistributorInsurance carrier partner. Hartford CT 06183.
• Aioi Nissay Dowa InsuranceminorChannel Partner/ Reseller/ DistributorJapanese insurance carrier partner. Tokyo-based with operations supporting Japanese restaurant niche.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Brown & Riding: Specialty wholesale brokerage with expertise in excess and surplus lines and niche programs; comparable in offering specialized placement through retail agents similar to Inter Insurance's specialty division.
• Amwins: Largest US specialty wholesale broker and MGA offering multi-line placement and underwriting facilities; directly comparable to Inter Insurance's wholesale brokerage and specialty program model, though at substantially greater scale.
• CRC Group: Wholesale specialty broker and MGA with deep expertise in commercial and personal specialty lines including auto and property; comparable wholesale distribution model to Inter Insurance's retail-agent-facing brokerage operation.
• Burns & Wilcox: National wholesale insurance broker and underwriting manager with specialty programs; matches Inter Insurance's hybrid brokerage-plus-underwriting-facility positioning across niche commercial risks.
• RPS (Risk Placement Services): Wholesale broker and binding authority MGA serving retail agents with specialty placement capabilities; directly overlaps with Inter Insurance's wholesale brokerage and underwriting facility operations.

Broad incumbents

• Hiscox: Global specialty insurer with strong US presence in small commercial and professional lines; competes with Inter Insurance's commercial and specialty programs but operates at much larger scale and as a carrier rather than pure broker.
• IAT Insurance Group: Specialty insurance carrier with binding authority relationships serving wholesale and retail agents; comparable to Inter Insurance's commercial and specialty program distribution model, including affinity business.
• Kaufman Financial Group (Burns & Wilcox parent): Parent holding company of specialty wholesale and underwriting operations including Burns & Wilcox; broader incumbent comparable as an integrated specialty distribution platform akin to Inter Insurance's brokerage-plus-RRG model.

Regional players

• The Main Street America Group: Regional super-regional mutual insurer with strong Northeast US footprint in commercial and personal lines; comparable regional market overlap with Inter Insurance's NY-anchored book and small-commercial focus.

Emerging players

• INSURE Trust: Specialty insurance brokerage focused on niche commercial and affinity programs; smaller-scale, niche-focused peer with affinity distribution overlap to Inter Insurance's specialty affinity programs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/interinsurance
• YouTubeyoutube.com/channel/UCwF1y-NXO49wPUSNuN0PcVQ
• Facebookfacebook.com/pages/Inter-Insurance-Agency/156614017693003
• LinkedInlinkedin.com/company/inter-insurance-agency
• Instagraminstagram.com/interinsuranceagency

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inter Insurance Agency Services